This property looks like a bad Mid-Term investment with a projected -19.24% first-year return on $273k initial cash invested.
-19.24%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$5,128
Rent
-$4,383
Cashflow
Cash Flow
$5,128 income − $9,511 expenses = $4,383 out of pocket
Investment Breakdown
|
Purchase Price
$1216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$243k
Closing costs
1%
$12,161
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,128
Total Expenses
$9,511
Mortgage P&I
131%
$6,697
Property Taxes
12%
$616
Home Insurance
9%
$455
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564